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Ruto demands global financial overhaul to unlock green capital
Original: President William Ruto demands global financial architecture overhaul to unlock green capital pipelines
Kenyan President William Ruto has called for a sweeping overhaul of the global financial architecture, arguing that current lending structures block climate finance from reaching developing nations. He says reform is needed to unlock green capital pipelines for countries on the front line of climate change. The demand adds Kenya's voice to growing pressure from African leaders ahead of international climate finance negotiations.
Why now: Kenya's president is pressing an international campaign to reform climate finance for developing economies, a recurring theme at global summits.
Evidence
- President William Ruto demands global financial architecture overhaul to unlock green capital pipelines · Energy News Network
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